Tailored Brands (TLRD) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Tailored Brands (NYSE:TLRD) from a buy rating to a hold rating in a report published on Sunday morning.

Several other research analysts have also weighed in on TLRD. B. Riley restated a buy rating on shares of Tailored Brands in a research note on Wednesday, November 1st. BidaskClub lowered shares of Tailored Brands from a buy rating to a hold rating in a research note on Thursday, September 21st. FBR & Co restated a buy rating and set a $16.00 price objective on shares of Tailored Brands in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Tailored Brands from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Friday, December 1st. Finally, Jefferies Group restated a hold rating and set a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $17.71.

Shares of Tailored Brands (NYSE TLRD) traded down $0.10 during mid-day trading on Friday, reaching $21.83. 846,221 shares of the company’s stock traded hands, compared to its average volume of 1,557,512. The company has a quick ratio of 0.52, a current ratio of 2.48 and a debt-to-equity ratio of -97.85. Tailored Brands has a 12-month low of $9.40 and a 12-month high of $26.20. The firm has a market cap of $1,074.97, a price-to-earnings ratio of 16.05, a P/E/G ratio of 0.64 and a beta of 1.88.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.21. The firm had revenue of $810.80 million for the quarter, compared to analyst estimates of $807.51 million. Tailored Brands had a net margin of 2.07% and a negative return on equity of 137.16%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. equities analysts expect that Tailored Brands will post 2.08 earnings per share for the current fiscal year.

In related news, Director William B. Sechrest sold 1,286 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total value of $29,809.48. Following the transaction, the director now owns 39,098 shares in the company, valued at approximately $906,291.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Tailored Brands by 19.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock valued at $121,225,000 after purchasing an additional 1,770,480 shares during the period. Capital World Investors boosted its holdings in Tailored Brands by 6.3% in the 2nd quarter. Capital World Investors now owns 3,741,000 shares of the company’s stock valued at $41,750,000 after purchasing an additional 222,000 shares during the period. State Street Corp boosted its holdings in Tailored Brands by 12.1% in the 2nd quarter. State Street Corp now owns 1,609,301 shares of the company’s stock valued at $17,960,000 after purchasing an additional 173,842 shares during the period. JPMorgan Chase & Co. boosted its holdings in Tailored Brands by 102.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock valued at $13,004,000 after purchasing an additional 590,036 shares during the period. Finally, Northern Trust Corp boosted its holdings in Tailored Brands by 1.2% in the 2nd quarter. Northern Trust Corp now owns 609,408 shares of the company’s stock valued at $6,801,000 after purchasing an additional 7,291 shares during the period.

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Tailored Brands Company Profile

Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.

Analyst Recommendations for Tailored Brands (NYSE:TLRD)

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